LiftFund Disaster Relief 2020 Loan Program

As the COVID-19 crisis continues to evolve, our top priority is protecting the health and safety of our clients and the communities we serve.  At the same time, we know small business owners need assistance on many levels, now more than ever.

In response to the COVID-19 pandemic, LiftFund has a disaster relief loan for small businesses up to $50,000 with up to 120-day payment deferment. We have a product for new clients and for current clients. 

The demand for small business financing has been tremendous. Our application is temporarily closed. If
you are interested in the program, please fill out the information below.

Collateral guidelines:

Available collateral owned free and clear by the business and verification of collateral is required via photo or video.

Qualifying conditions:

  • Business must be in operation as of August 1, 2019
  • Business has experienced a decrease in revenue by at least 15% as a result of COVID-19 
  • Business owners are able to have a consultation reviewing a six month recovery plan and working capital plan
  • Applicant must be able to properly cover expenses and new loan payment
  • Must be in good standing with creditors for the past six months 

Documentation:

  • Business legal formation documents
  • Feasibility Assessment and Recovery Plan 
  • Video/Photos of business operations and collateral and proof of ownership
  • Landlord subordination with loans over $25,000
  • Verification of revenue impact with three months of financials via plaid or bank statements for personal and business accounts
  • Most recent tax returns, 2018 is acceptable

The demand for small business financing has been tremendous. Our application is temporarily closed. If
you are interested in the program, please fill out the information below.